Prison inmates to reduce vehicle plate shortages
A Cabinet Minister yesterday said the manufacturing of vehicle license plates by inmates at the Bahamas Department of Corrections is likely to begin within the next two months.
Port’s profits double on 3,000 TEU jump
The Arawak Cay port operator yesterday said a 3,124 year-over-year increase in container volumes resulted in its half-year profits more than doubling, as Hurricane Matthew repairs and Baha Mar’s re-start resulted in import activity surging.
Bran: Landfill could be Baha Mar ‘deal breaker’
The Democratic National Alliance’s (DNA) leader yesterday questioned if Baha Mar’s new owner had done proper ‘due diligence’ on its purchase, warning that it “hasn’t seen anything yet” in relation to the New Providence landfill.
Govt urged to cut ‘30% inefficiency’
A leading governance reformer yesterday urged the Government to tackle “30 per cent inefficiency” levels within the public sector, arguing that this and its crackdown on tax cheats were key to reaching a Budget surplus.
Doctors urge: ‘Produce the meat’ on NHI plan
Doctors yesterday said it was impossible to determine whether National Health Insurance’s (NHI) $100 million budget will be sufficient to cover all the medical services proposed for its primary care phase, as payment rates and provider numbers remain unknown.
AG’s Office reviewing BTC’s sale to Liberty
A Cabinet minister yesterday said he was waiting for the Attorney General’s Office to complete its review of Liberty Global’s acquisition of the Bahamas Telecommunications Company (BTC) before “re-submitting” it for approval.
Baha Mar ‘fumes’: Govt eyes local landfill solution
The Government was last night leaning towards a Bahamian consortium as its best hope for resolving the New Providence landfill’s woes, amid growing pressure from Baha Mar’s new owner to deal with the fumes and associated health hazards.
Mobile number transfer in further month’s delay
Regulators yesterday announced a further month’s delay in launching mobile number portability, pushing the start date back to April 25, 2017, as they slammed both the Bahamas Telecommunications Company (BTC) and Aliv.
BTC deal approval wait now 9 months
Liberty Global’s acquisition of the controlling equity stake in the Bahamas Telecommunications Company (BTC) has yet to be approved by the Christie government nine months after the deal closed.
Consumer chief urges more banking licenses
The Consumer Protection Commission’s (CPC) chairman yesterday queried whether new banking licenses were required to boost competition, after a majority of Bahamians blasted the industry’s fee-related practices.
CIBC’s corporate unit in 40% bad loan shrink
CIBC FirstCaribbean’s Bahamian corporate and investment banking unit saw non-performing loans shrink by almost 40 per cent in its 2016 financial year, as the bank continued its “solid” recovery from past credit provisioning.
BTC proposal slammed as ‘unacceptable barrier’
Regulators have slammed the Bahamas Telecommunications Company’s (BTC) proposal that two days initially be allowed for the transfer of mobile subscribers, and their existing numbers, to a rival carrier as an “unacceptable barrier” for consumers.
Export boost eyed from trade initiative
Bahamian entrepreneurs seeking to target foreign markets were yesterday urged to register with the Bahamas Trade Portal, which was hailed as a “groundbreaking resource” to increase exports and trade.
IMF Bahamas chief supports fiscal limits
The International Monetary Fund’s (IMF) Bahamas mission chief has backed calls for a Fiscal Responsibility Act, describing it as “a useful medium term component” for reforming the Government’s finances.
LOI firm’s advisers admit PM meeting to discuss project
Key advisers to the group at the centre of the Renward Wells’ Letter of Intent (LOI) controversy have admitted arranging a meeting with Prime Minister Perry Christie where they “spent quite a long time” discussing its waste-to-energy project.
